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ArLithium Americas 3D brine model confirms size, capacity of Cauchari-Olaroz resourcegentina:

Lithium Americas Corp. (TSE:LAC) (OTCQX:LHMAF) said Monday it has completed a 3D brine numerical model, used to simulate brine extraction from its Cauchari-Olaroz lithium-potash project in Argentina, which confirmed the size and production capacity of the resource.

The model allows the prediction of brine flow within the salar, or salt lake, as well as of the mine life, the lithium grade depletion over time and reserves.

The company said the modeling is supported by geological, hydrogeological and geochemical data collected through field programs at the site.

“A 3D brine numerical model is the ultimate tool to fine tune the mine plan in a brine development resource,” said president and CEO, Dr. Waldo A. Perez.

“The model has also supported many of the critical assumptions in our Preliminary Economic Assessment (PEA) including the size, quality and estimated productive life of the Cauchari-Olaroz resource estimate – one of the largest lithium brine resource in the world.

“We are very pleased that the model also indicates that due to the exceptional geological characteristics of our salar, we are expected to require approximately 50% of the production wells originally estimated in the PEA to put phase 1 of the project into production.”

Results of the model will be displayed at the company’s booth at the Prospectors and Developers Association of Canada Convention (PDAC) in Toronto, Ontario.


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